Saanich News recently had an article about Larry Trupp, who explained the direct impact the EDPA has had on his parents' estate. You can read about it here.
Some have spoken to BC Assessment and been told that there is no market evidence to support reduced land values caused by the EDPA. There are two reasons for this:
1. If the buyer, the seller, and the realtor don't know about the EDPA, the impact of the EDPA won't be factored into the price.
2. Though the EDPA impacts a lot of properties, it takes time for properties to sell before the market evidence will show itself.
In the end, imagine a scenario where two similar properties are for sale. One has no restrictions. The other has significant development restrictions due to the EDPA. Which one will sell for less?